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Hong Kong exchange set to top the world's IPO fund-raising list again

HONG KONG
2019-12-19 22:18

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HONG KONG, Dec. 19 (Xinhua) -- Hong Kong Exchanges and Clearing Limited (HKEX) said on Thursday that it is set to top the world's IPO fund-raising league table this year, the sixth time in the last 10 years.

Since September, the listing market has been particularly buoyant, with the fourth quarter poised to become the busiest ever by the number of IPOs, the HKEX said in a statement.

HKEX witnessed several world-class listings in 2019, including that of Alibaba Group Holding and Budweiser Brewing Company APAC, which, the exchange said, underscored the strong appeal of Hong Kong's markets for global and regional issuers alike.

Despite a challenging global political and macroeconomic backdrop, HKEX delivered record January-September revenues and achieved record volumes for Stock and Bond Connect platforms, which are the important access to the mainland markets.

The exchange said it will continue to implement its new three-year strategic plan set in the beginning of the year, focused on three pillars, namely China anchored, globally connected and technology empowered.
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